Carroll and PGIM Real Estate Executes Sale of Twelve Multifamily Communities Totaling More Than 3,500-Units Across Multiple States

ATLANTA, GA - CARROLL, in partnership with PGIM Real Estate, the $209.3 billion real estate investment and financing business of Prudential Financial, announced the sale of 12 multifamily communities representing 3,564 total units across Florida, North Carolina, and Tennessee for a sale price of $885.5 million. The 12 communities were part of a 2017 acquisition of a 28-community portfolio purchased as the first joint venture transaction between PGIM Real Estate's U.S. core-plus equity strategy...

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